San Anselmo Market Overview (Home Sales Report 3/15/07)
San Anselmo (like many parts of Marin County) is HOT! Homes priced under $800K are selling extremely well right now (six sold in the past 30 days, with several new listings just hitting the market). Homes in San Anselmo priced between $800K and $1 million are in short supply (only 3 active listings on the market) and sell fast so long as they are nicely maintained, updated, and/or located in desirable neighborhoods. In fact, the current absorption rate for homes under $1 million in San Anselmo is under one month?underscoring the extremely low inventory (if you are thinking of selling and your home is in this price range, you are in the driver?s seat). That is the definition of HOT!
The low inventory phenomenon extends into the higher price points as well?incredibly, homes priced between $1 million and $2 million in San Anselmo are selling so rapidly that the current inventory will last less than 2 months. As with the rest of Marin, homes priced correctly may or may not get multiple offers?note: the winning bid (which is not always the highest bid) is likely to be at asking price or just above (unlike the frenzied market of several years ago when overbids were in the stratosphere). And if you price your home too high, buyers will let you know by not writing offers.
Homes in San Anselmo (including homes that are active and pending) have been on the market for an average of 62 days and homes that sold in the past month were on the market an average of 63 days.
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Price Range
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Units Total
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Active Listings
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Pending Listings
|
|
Up to $799K
|
8
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75%
|
25%
|
|
$800K – $899K
|
4
|
38%
|
62%
|
|
$900K – $1 mil.
|
2
|
50%
|
50%
|
|
$1 mil. – $1.25 mil.
|
10
|
70%
|
30%
|
|
$1.25 – $2 mil.
|
13
|
82%
|
18%
|
|
$2 mil. & up
|
6
|
84%
|
16%
|
If you would like me to run the exact numbers on your neighborhood, just give me a call at (415) 897-4075. It is my pleasure to be of service.